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Billionaire Leon Cooperman is Talking About These 4 Stocks

In this article, we will look at the 4 stocks billionaire Leon Cooperman is talking about right now. If you want to skip reading about Leon Cooperman, his investment career, and his stock-picking strategy, you can go directly to Billionaire Leon Cooperman is Talking About These 2 Stocks. Leon Cooperman’s Investment Career Leon Cooperman is […] In this article, we will look at the 4 stocks billionaire Leon Cooperman is talking about right now. If you want to skip reading about Leon Cooperman, his investment career, and his stock-picking strategy, you can go directly to Billionaire Leon Cooperman is Talking About These 2 Stocks. Leon Cooperman’s Investment Career Leon Cooperman is an American billionaire investor, financial analyst, and founder of Omega Advisors, a billion-dollar hedge fund based in New York. Mr. Cooperman is an MBA holder from Columbia Business School and is also a chartered financial analyst. Leon Cooperman began his investment career at the Wall Street giant, Goldman Sachs, where he catered to various roles including research partner, portfolio strategist, co-chairman, chairman, and CEO. Mr. Cooperman stayed at Goldman Sachs for 25 years, from 1967 to 1991, after which he resigned from his roles at the major bank and founded his hedge fund, Omega Advisors, in 1991. At Omega Advisors, Mr. Cooperman focused on investing in undervalued companies and used a long-short equity analysis strategy. In 2016, Leon Cooperman closed his hedge fund to outside money and converted it into a family office. Leon Cooperman is an investing legend and a self-made billionaire. As of 2022, Forbes estimates Mr. Cooperman’s real-time net worth to be roughly $2.5 billion. Leon Cooperman’s Market Outlook On September 20, Leon Cooperman appeared in an interview on CNBC’s Squawk Box, where the investing legend discussed his view of the current stock market situation, the Fed, and how he picks stocks. Here are some comments from Leon Cooperman about the current market situation and what he sees ahead: “We’ve had fairly irresponsible fiscal and monetary policies. We have pulled demand forward, we have got to get our house back in order. There is an explosion of debt in the system, and that debt has to be serviced. We are probably facing an environment of continued high inflation, rising interest rates, and rising taxes. The market really isn’t cheap. I think I find a lot of things to do, it’s a very strange market. The indices themselves have no fascination for me, but I find a lot of individual stocks that are attractively priced. We’re engaged and we find things that make sense, but overall I am not expecting much in the market…” What Leon Cooperman Looks for Before Buying a Stock Though Leon Cooperman is “not expecting much in the market”, he still finds “individual stocks that are attractively priced”. Here is what the investing legend looks for in a company before buying the stock: “I am looking for two-cycle tested companies that have been through a couple of recessions and did not get blown apart. I want to be paid to wait so I am looking for dividend income while I am holding a security. (I am looking for) companies that have the capacity and the willingness to buy back cheap stock… I don’t want them to tell me it’s cheap, I want them to act and buy back stock that’s undervalued. I want quality and reliable management. I want a discount to market valuation. I am generally avoiding bonds, I think no one, myself included and certainly Powell, knows how high rates have to go to stem this inflation…” Leon Cooperman said that he is “avoiding bonds” because he has “better places to park his cash” and that he can find “better things in the stock market that make more sense than buying bonds”. The veteran investor also said that he is bullish on the energy sector and disclosed that energy stocks make up for over 20% of his hedge fund’s portfolio. Some of the top pure-play energy stocks that are surging in 2022 include Occidental Petroleum Corporation (NYSE:OXY), Chevron Corporation (NYSE:CVX), and Exxon Mobil Corporation (NYSE:XOM). Our Methodology We watched Leon Cooperman’s recent interview and noted the stocks he discussed. In addition to mentioning why Leon Cooperman likes these stocks, we have mentioned the hedge fund sentiment, analyst ratings, and top shareholders with each stock as well. We have ranked these stocks in increasing order of their popularity among hedge funds. Billionaire Leon Cooperman is Talking About These 4 Stocks 4. Tourmaline Oil Corp. (OTC:TRMLF) Number of Hedge Fund Holders: N/A Tourmaline Oil Corp. (OTC:TRMLF) is an oil and natural gas company in Canada. The company explores, develops, and produces oil and natural gas. Leon Cooperman noted that Tourmaline Oil Corp. (OTC:TRMLF) is among the leading gas companies in Canada and is generating $20 per share in cash flows. Leon Cooperman sees Tourmaline Oil Corp. (OTC:TRMLF) achieving a share price of above $100, up roughly 56% from its current share price which sits at $56 as of September 22. On July 27, Tourmaline Oil Corp. (OTC:TRMLF) released earnings for the second quarter of fiscal 2022. The company reported earnings per share of C$2.40 and generated sales of C$2.11 billion, up 129% year over year. As of September 22, Tourmaline Oil Corp. (OTC:TRMLF) has returned 69% to investors year to date. Tourmaline Oil Corp. (OTC:TRMLF) fits Leon Cooperman’s criteria for buying a stock. The company is undervalued, cash-rich, and pays dividends. On September 2, Tourmaline Oil Corp. (OTC:TRMLF) declared a quarterly cash dividend of C$0.225 per share. The dividend is payable on September 29 to shareholders of record at the close of business on September 15. As of September 22, Tourmaline Oil Corp. (OTC:TRMLF) has a trailing twelve-month PE ratio of 10.03 and is offering a forward dividend yield of 1.21%, which the company supports with free cash flows of $2.2 billion. Wall Street analysts are bullish on Tourmaline Oil Corp. (OTC:TRMLF). On August 1, Desjardins analyst Justin Bouchard raised his price target on Tourmaline Oil Corp. (OTC:TRMLF) to C$100 from C$91 and reiterated a Buy rating on the shares. On September 19, Scotiabank analyst Cameron Bean raised his price target on Tourmaline Oil Corp. (OTC:TRMLF) to C$116 from C$106 and maintained a buy-side Outperform rating on the shares. Like Tourmaline Oil Corp. (OTC:TRMLF), Occidental Petroleum Corporation (NYSE:OXY), Chevron Corporation (NYSE:CVX), and Exxon Mobil Corporation (NYSE:XOM) are surging in 2022 and have gained more than 30% year to date. 3. Energy Transfer L.P. (NYSE:ET) Number of Hedge Fund Holders: 36 Energy Transfer L.P. (NYSE:ET) is a leading American energy company that is involved in natural gas and propane pipeline transportation. Leon Cooperman likes Energy Transfer L.P. (NYSE:ET) because of the company’s leadership and noted that the company’s CEO, Kelcy Warren, “puts his own money on the table” and “is a big accumulator of his own stock”. Mr. Cooperman said that the company’s CEO owns roughly 6.5% of the company’s common shares, and the veteran investor sees the dividend for Energy Transfer L.P. (NYSE:ET) growing moving forward. On July 18, Richard Brannon, director of Energy Transfer L.P. (NYSE:ET) disclosed the purchase of 0.13 million common units of the company’s stock at $9.69 per share. Mr. Brannon acquired these shares between July 14 and July 15 for a transaction of $1.3 million. On September 12, Kelcy Warren disclosed that he has purchased more than 2.42 million common shares of Energy Transfer L.P. (NYSE:ET) at $12.04 per share. On August 3, Energy Transfer L.P. (NYSE:ET) announced earnings for the fiscal second quarter of 2022. The company reported earnings per share of $0.39 and outperformed Wall Street estimates by $0.01. The company reported a revenue of $25.95 billion, up 71.8% year over year, and beat expectations by $5.6 billion. As of September 22, the stock has gained 32.7% year to date. Wall Street analysts are bullish on Energy Transfer L.P. (NYSE:ET). On August 16, Barclays analyst Theresa Chen raised her price target on Energy Transfer L.P. (NYSE:ET) to $14 from $13 and maintained a buy-side Overweight rating on the shares. The analyst sees “unique tailwinds” in North American midstream and refining. On August 24, Energy Transfer L.P. (NYSE:ET) announced that it has signed a 20-year LNG Sale and Purchase Agreement with Shell plc (NYSE:SHEL) under which it will supply Shell plc (NYSE:SHEL) with 2.1 million tonnes of LNG per year. The first LNG deliveries to Shell’s (NYSE:SHEL) Lake Charles LNG project are expected to begin in 2026. Energy Transfer L.P. (NYSE:ET) is trading at a discount to market valuation and is offering a strong dividend payout. As of September 22, the stock is trading at a trailing twelve-month PE multiple of 9x and is offering a forward dividend yield of 7.71%, which the company backs with free cash flows of $5.87 billion. Energy Transfer L.P. (NYSE:ET) is an undervalued, cash-rich energy stock that awards investors with strong dividend payouts. Other undervalued dividend-paying energy stocks include Occidental Petroleum Corporation (NYSE:OXY), Chevron Corporation (NYSE:CVX), and Exxon Mobil Corporation (NYSE:XOM). Hedge funds are initiating positions in Energy Transfer L.P. (NYSE:ET). At the end of the second quarter of 2022, 36 hedge funds were long Energy Transfer L.P. (NYSE:ET) and held stakes worth $598.5 million in the company. This is compared to 31 positions in the previous quarter with stakes worth $699.4 million. As of June 30, Abrams Capital Management owns roughly 22 million shares of Energy Transfer L.P. (NYSE:ET) and is the largest shareholder in the company. The fund’s stakes are valued at $220.8 million and the investment covers 5.93% of David Abrams’ 13F portfolio.   Click to continue reading and see Billionaire Leon Cooperman is Talking About These 2 Stocks.   Suggested Articles: 15 Biggest Energy Companies in the US 10 Best Undervalued Dividend Stocks to Buy Now 10 Best Dividend Stocks to Buy Now According to Billionaire Leon Cooperman Disclosure. None. Billionaire Leon Cooperman is Talking About These 4 Stocks is originally published on Insider Monkey......»»

Category: topSource: insidermonkeySep 23rd, 2022Related News

Ionis" (IONS) Hypercholesterolemia Drug Not to Enter Phase III

Ionis (IONS) posts data from the phase IIb SOLANO study on ION449 for treating hypercholesterolemia. Though the study met the primary endpoint, ION449 will not advance into phase III development. Ionis Pharmaceuticals, Inc. IONS announced top-line data from the phase IIb SOLANO study, which evaluated its PCSK9 antisense medicine, ION449 (AZD8233), for the treatment of patients with hypercholesterolemia.The study met its primary endpoint. Data from the study showed that 28 weeks of treatment with monthly ION449 (60 mg) led to a statistically significant reduction of 62.3% in low-density lipoprotein cholesterol (LDL-C) levels compared to placebo, the primary efficacy endpoint.Also, treatment with ION449 was generally safe and well tolerated.However, the reduction in LDL-C levels achieved in the study did not achieve the pre-specified efficacy criteria. Owing to this, AstraZeneca AZN decided not to advance ION449 into a phase III study for treating hypercholesterolemia.Ionis is developing ION449 in partnership with AstraZeneca. AZN remains focused to determine the next steps for the SOLANO study.Shares of Ionis have rallied 47.8% so far this year compared with the industry’s decline of 26.7%.Image Source: Zacks Investment ResearchIonis is also developing eplontersen for the treatment of transthyretin-mediated amyloidosis with AstraZeneca.In June 2022, Ionis announced data from the phase III NEURO-TTRansform study on eplontersen in TTR polyneuropathy. The study met its primary endpoint of serum TTR concentration in mNIS+7 as well as the key secondary endpoint, Norfolk’s quality of life. The interim analysis of 35-week data revealed that eplontersen led to highly statistically significant and clinically meaningful changes from baseline in each of these endpoints compared to a historical placebo.Based on these results, Ionis and AstraZeneca will file a new drug application seeking approval of eplontersen for TTR polyneuropathy later in 2022.Apart from AstraZeneca, Ionis has collaboration deals with other pharma giants including Biogen BIIB and Novartis NVS. Ionis has licensed Spinraza to Biogen.BIIB is responsible for commercializing Spinraza which is approved for treating spinal muscular atrophy worldwide. Ionis receives royalties from Biogen on Spinraza’s sales.Ionis is developing, pelacarsen in collaboration with Novartis.Ionis and Novartis are evaluating pelacarsen in the ongoing phase III cardiovascular outcome study, HORIZON, in patients with established cardiovascular disease and elevated lipoprotein(a), or Lp(a).Zacks RankIonis currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AstraZeneca PLC (AZN): Free Stock Analysis Report Novartis AG (NVS): Free Stock Analysis Report Biogen Inc. (BIIB): Free Stock Analysis Report Ionis Pharmaceuticals, Inc. (IONS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Newsom Signs Legislation To Protect Workers Who Use Cannabis Outside Work

Newsom Signs Legislation To Protect Workers Who Use Cannabis Outside Work Authored by Jill McLaughlin via The Epoch Times (emphasis ours), California Governor Gavin Newsom speaks at California State University Long Beach on March 3, 2021. (John Fredricks/The Epoch Times) California employers will soon be prohibited from firing—or not hiring—workers over their use of cannabis outside of their workplace and work hours. Gov. Gavin Newsom put his signature on Assembly Bill 2188 Sept. 18 to prevent employers from discriminating against a person in hiring, termination, or terms and conditions of employment based on a drug screening test finding the presence of non-psychoactive cannabis metabolites in their system or for the person’s off-duty use. Recreational use of cannabis is legal in the state. AB 2188 was part of a series of legislation signed by the governor to “strengthen California’s cannabis laws, expand the legal cannabis market and redress the harms of cannabis prohibition,” according to a Sept. 18 statement by Newsom’s office. “For too many Californians, the promise of cannabis legalization remains out of reach,” Newsom said. “These measures build on the important strides our state has made toward this goal, but much work remains to build an equitable, safe and sustainable legal cannabis industry. I look forward to partnering with the Legislature and policymakers to fully realize cannabis legalization in communities across California.” The California state capital building in Sacramento on April 18, 2022. (John Fredricks/The Epoch Times) The legislation’s author, Assemblyman Bill Quirk (D-Hayward), said the measure was “long overdue.” “Thank you to the advocates and sponsors for your continued support,” Quirk wrote on Twitter after the signing. “I applaud the Governor for his commitment to redress the harms of cannabis prohibition.” The law goes into effect Jan. 1, 2024, and exempts those working in building and construction, and job positions that require federal background clearances. The Drug Policy Alliance, a pro-legal marijuana organization co-founded by George Soros, advocated for the bill’s passage. “CA employees deserved the same rights as workers in other states like [New York and Nevada] that already passed laws protecting against workplace punishment for legal marijuana use off-the-clock,” the alliance wrote on Twitter. California NORML, a non-profit group dedicated to protecting and expanding cannabis consumers’ rights, sponsored the bill. The group told legislators workers have a right to engage in legal activity while away from the job, yet workers and applicants are losing job opportunities or being fired because they test positive for marijuana use. Customers shop for marijuana products at Catalyst Cannabis Dispensary in Santa Ana, Calif., on Feb. 18, 2021. (John Fredricks/The Epoch Times) The California Cannabis Industry Association told The Epoch Times in a previous interview the bill still allows employers to use tests to determine “whether someone is under the influence of cannabis while actively on the job.” “The bill does not prevent employers from drug-testing employees but rather states that a test for non-psychoactive cannabis metabolites linger in the body for up to months after someone uses cannabis, is not grounds for hiring or termination,” the association’s Executive Director Lindsay Robinson said. The California Chamber of Commerce opposed the bill, saying it will still risk workplace safety and “create a protected status for marijuana use in [Fair Employment and Housing Act].” “California employers may face liability when they take legitimate disciplinary measures against their employees,” the California Chamber of Commerce said, according to a bill analysis. “If California policymakers wish to force a shift towards newer testing technologies—that is one thing. But we do not believe marijuana should be elevated to a legally protected status above comparable drugs (like alcohol).” A file photo of a cannabis sample in Santa Ana, Calif., on Feb. 18, 2021. (John Fredricks/The Epoch Times) The governor also signed several other cannabis-related bills, including the following: SB 1186 preempts local bans on medicinal cannabis delivery, expanding patients’ access to legal, regulated cannabis products. AB 1706 allows Californians with old cannabis-related convictions to have them sealed. SB 1326 creates a process for California to enter into agreements with other states to allow cannabis transactions with entities outside California. AB 1885 allows veterinarians to recommend cannabis for pets. AB 2210 allows venues hosting temporary events to obtain both liquor and cannabis licenses as long as the sale and consumption of marijuana and alcoholic beverages occur separately, according to Quirk, who is also the author of this legislation. AB 1186, dubbed the Medicinal Cannabis Patients’ Right of Access Act, prohibits a local jurisdiction from restricting the retail sale of medicinal cannabis by delivery to patients or their primary caregivers by licensed medicinal cannabis businesses. Tyler Durden Fri, 09/23/2022 - 17:40.....»»

Category: personnelSource: nytSep 23rd, 2022Related News

All Gold And Quiet On The Eastern Front

The war in Ukraine has entered its seventh month and some people believe that China is gearing up for a war with Taiwan. Will bulls invade the gold market? In August, half a year had passed since the beginning of the war in Eastern Europe. Ukraine defended its independence but lost 13% of its territory. […] The war in Ukraine has entered its seventh month and some people believe that China is gearing up for a war with Taiwan. Will bulls invade the gold market? In August, half a year had passed since the beginning of the war in Eastern Europe. Ukraine defended its independence but lost 13% of its territory. The six months of war between Europe’s two largest nations have brought death and suffering on a mass scale. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2022 hedge fund letters, conferences and more   Find A Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. More than 13 million people have been displaced, and nearly 7 million refugees have dispersed across Europe. Ukraine’s economy collapsed while the prices of food and energy have soared. What is the situation on the front? Unfortunately, the aggressor’s troops maintain a relatively stable land connection with Crimea and are slowly pushing the Ukrainian army from its positions in Donbas, the main area of combat. It means that taking control of the rest of the Donetsk Oblast by the Russians is probably a matter of time, although it may take several more months. The change in favor of the Ukrainians is possible only if the West significantly increases its military supplies, which would enable an effective Ukrainian counter-offensive. It’s true that the Ukrainian counter-offensive in the direction of Kherson in the south of the country is gaining momentum – in particular thanks to the supplies of HIMARS – but a full scale operation is unlikely due to a lack of manpower and weapons. However, that happened, Russia would then have to decide whether to give up and withdraw its troops or to announce a universal draft and full mobilization, throwing all its potential into the fight. It would take war to a whole new level, which could boost gold prices, at least temporarily. What Are The Possible Scenarios For The War’s End? Well, given that Russia’s military capability is gradually decreasing and the country needs an operational pause to build up its forces, it would like to sit down at the negotiating table with the aim of taking control of Donbas. However, Ukrainians are not ready to make any territorial concessions. Thus, the Russians will likely continue to bombard Ukrainian cities and blackmail the whole world with the nuclear power plant in Zaporizhia, trying to force Ukraine to negotiate and accept some territorial losses. What Are The Implications For Gold? Well, the war shows that gold bulls shouldn’t count on geopolitical events. Although gold initially gained during the first phase of the conflict, the impact was short-lived, as the chart below shows. At this point, when the situation has stabilized somewhat, and the war of attrition could last another several months – if not years, as some experts believe – gold is unlikely to be significantly affected by the conflict. This may change, of course, if the conflict escalates, for example, to the nuclear field. Or to the Far East. You see, the war is having effects beyond Eastern Europe. For Beijing, the balance of power with the U.S. is shifting in its favor, as Uncle Sam’s focus is on Ukraine. If you look at the direction in which China is now going, you can clearly see its preparation for a conflict outside its own country. This is a huge departure from the well-known doctrine that China defends itself only on its own territory. Beijing’s angry response to Nancy Pelosi’s visit to Taiwan, including unprecedented drills, is very telling. Is an invasion of Taiwan likely? Well, “the complete reunification of the motherland” is an official policy of China. What has recently changed is only the fact that China has built and modernized an impressive army, reaching a point where it could actually achieve its goal. The timing would be quite good for China, given its economic slowdown, President Xi Jinping’s aspirations, and the ongoing war in Ukraine. Such a military conflict could be even more impactful than the war in Ukraine. This is not only because Taiwan is a great semiconductor producer and an integral part of the Western tech industry, but also because, unlike with Ukraine, the U.S. government hasn’t ruled out direct intervention to protect Taiwan. Actually, Uncle Sam, together with Japan and Australia, has verbal agreements to intervene militarily in the case of China’s attack. Hence, it could trigger WW3. Given the fact that Taiwan is an island that could be quickly blocked by China, the U.S. and its allies wouldn’t be able to choose a middle ground and deliver weapons to Taiwan through neighboring countries like in the case of Ukraine. They would either give up Taiwan or engage in a full-scale military operation. Hence, the price of gold could react more vividly to the invasion of Taiwan than to the invasion of Ukraine. However, Beijing is unlikely to launch a full-scale invasion of Taiwan in the near future, as China possesses only a fraction of the necessary ships to execute an amphibious assault. Moreover, the possible landing sites on the west coast are blocked by nearby mountains, and the island lacks the infrastructure to support invaders. Instead, China could choose options other than a full-scale amphibious invasion. It won’t be equally positive for gold prices, but the yellow metal could still gain somewhat, at least for a while. The bottom line is that the war in Ukraine could last for several more months. However, gold bulls shouldn’t count that gold will benefit from it. The yellow metal could gain more only if the conflict escalates either to the nuclear field or to the Far East, with China’s attempt to invade Taiwan. However, both these scenarios remain unlikely, and even if they happen, their impact on gold should be only temporary. Fundamental factors are much more important for the long-term outlook of gold than geopolitical ones. Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today! Arkadiusz Sieron, PhD Sunshine Profits: Effective Investment through Diligence & Care......»»

Category: blogSource: valuewalkSep 23rd, 2022Related News

Dow"s lower low triggers Dow Theory sell signal

The Dow Jones Industrial Average's 767-point tumble in afternoon trading Friday, to break down below the June 17 closing low (29,888.78), not only showed that the bear market was alive and kicking, it also triggered a sell signal based on the century-old Dow Theory of market analysis. The Dow's fresh low, coupled with a series of lower closing highs since the Dow's Jan . 4 record close of 36,799.65, confirms the Dow Theory's definition of a downtrend, a continuing pattern of lower peaks and lower troughs. And since the Dow Jones Transportation Average already closed on Sept. 16 below its June closing low, the Dow industrials' new low completes a "sell" signal. And as MarketWatch contributor and founder of Hulbert Ratings LLC has written, the Dow Theory, despite its age, has been beating the broader stock market for a long time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatchSep 23rd, 2022Related News

Time to Buy the Dip? ETFs in Focus

Ark Investment???s Cathie Wood recently forecast an impending deflationary wave, rather than increasing inflation. Is this a time to buy ETFs? Lately, Cathie Wood, famous for the success of Ark Investment’s winning products in 2020, has been in the spotlight for forecasting an impending deflationary wave, rather than increasing inflation. She highlighted declining commodity prices, and noted that “even the oil price has dropped more than 35% from its peak, erasing most of the gain this year,” per a TipRanks article, as quoted on Yahoo Finance. United States Oil Fund, LP USO has declined 7.6% past month while Invesco DB Commodity Index Tracking Fund DBC has lost 5.1%.Wood mentioned that “the Fed seems to responding to COVID-related supply shocks spanning 15 months the same way that Volcker battled inflation that had been brewing and building for 15 years. I would not be surprised to see a significant policy pivot in the next three to six months.”Investors should note that the central bank now expects median inflation rate to jump to 5.4% this year, higher than its previous forecast of 5.2%. Although PCE inflation expectation has gone up to 2.8% for 2023 from 2.6% projected in June, we can see a substantial decline in inflation expectations next year from this year.The Fed downgraded its forecast for 2022 median real GDP growth from 1.7% in June to 0.2% for 2022. Again, though the central bank lowered the growth rate expectations for 2023 and 2024 to 1.2% and 1.7% from 1.7% and 1.9%, respectively, GDP growth shows a recovery trail.Against this backdrop, below we highlight a few ETFs that have a Zacks Rank #3 (Hold) or 2 (Buy) or 1 (Strong Buy). The ETFs have lost lesser than the S&P 500 (down 9.2%) past month and have a P/E less than #23X as well as a Beta less than one (as of Sep 23, 2022).ETFs in FocusVanguard High Dividend Yield ETF VYM – Zacks Rank #1 (Strong Buy)Beta: 0.84XPerformance One-Month: Down 7.86%P/E (36 Months): 14.10XInvesco KBW Property & Casualty Insurance ETF KBWP – Zacks Rank #2 (Buy)Beta: 0.64XPerformance One-Month: Down 5.76%P/E (36 Months): 15.20XiShares U.S. Healthcare Providers ETF IHF – Zacks Rank #2 (Buy)Beta: 0.87XPerformance One-Month: Down 6.1%P/E (36 Months): 18.35XInvesco Dynamic Food & Beverage ETF PBJ – Zacks Rank #3 (Hold)Beta: 0.59XPerformance One-Month: Down 7.0%P/E (36 Months): 15.39XInvesco Dynamic Large Cap Value ETF PWV – Zacks Rank #3Beta: 0.88XPerformance One-Month: Down 7.0%P/E (36 Months): 11.06X Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United States Oil ETF (USO): ETF Research Reports iShares U.S. Healthcare Providers ETF (IHF): ETF Research Reports Invesco DB Commodity Index Tracking ETF (DBC): ETF Research Reports Invesco Dynamic Large Cap Value ETF (PWV): ETF Research Reports Vanguard High Dividend Yield ETF (VYM): ETF Research Reports Invesco Dynamic Food & Beverage ETF (PBJ): ETF Research Reports Invesco KBW Property & Casualty Insurance ETF (KBWP): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

FedEx Fiscal Q1 Earnings Disappoints: ETFs in Focus

The transport bellwether FedEx (FDX) delivered disappointing first-quarter fiscal 2023 results. The courier company missed both earnings and revenue estimates. After the closing bell on Sep 22, transport bellwether FedEx FDX delivered disappointing first-quarter fiscal 2023 results. The courier company missed both earnings and revenue estimates.The earnings miss has pushed shares of FDX down by 1% at the close in after-market hours. As a result, ETFs with the highest allocation to FedEx are expected to gain. These include First Trust Nasdaq Transportation ETF FTXR, American Customer Satisfaction ETF ACSI, ProShares Supply Chain Logistics ETF SUPL, iShares U.S. Transportation ETF IYT, and Pacer Industrials and Logistics ETF SHPP.FedEx Earnings in FocusEarnings per share came in at $3.44, missing the Zacks Consensus Estimate of $3.69 but declining from the year-ago earnings of $4.37 per share. Revenues grew 5.5% year over year to $23.2 billion and fell shy of the estimated $23.35 billion.The parcel company is looking to reduce costs. It plans to generate total cost savings of $2.2-$2.7 billion in fiscal 2023. In the first quarter, the company realized about $300 million of these savings and expects to score $700 million in savings in the second quarter.For second-quarter fiscal 2023, FedEx issued revenue guidance of $23.5-$24 billion and earnings per share guidance of $2.65 or greater (see: all the Industrials ETFs here).ETFs in FocusLet’s delve into each ETF below:First Trust Nasdaq Transportation ETF (FTXR)First Trust Nasdaq Transportation ETF offers exposure to the 30 most-liquid U.S. transportation securities based on volatility, value and growth by tracking the Nasdaq US Smart Transportation Index. FedEx holds a 3.2% share in the basket. Railroads, trucking, automobiles and auto parts occupy the top spots in the basket.First Trust Nasdaq Transportation ETF has amassed $76.4 million in its asset base and charges 60 bps in annual fees. The average trading volume is moderate at 21,000 shares. The fund has a Zacks ETF Rank #2 (Buy).American Customer Satisfaction ETF (ACSI)American Customer Satisfaction ETF seeks to track the performance of the American Customer Satisfaction Investable Index, which utilizes proprietary customer satisfaction scores to weight stocks within each sector by their relative customer satisfaction scores. It holds 35 stocks in its basket, with FedEx making up for a 2.7% share (read: 'Shrinkflation' to Save Consumer Staples ETFs).American Customer Satisfaction ETF has accumulated $69.2 million in its asset base while trades in a meager average daily volume of under 500 shares. It charges 65 bps in annual fees.ProShares Supply Chain Logistics ETF (SUPL)ProShares Supply Chain Logistics ETF is the first ETF focused exclusively on the companies poised to potentially benefit from the transformation of how raw materials and goods move around the world. These logistics companies include leading global shipping, railroad, air and trucking companies that collectively touch every point of the supply chain. It follows the FactSet Supply Chain Logistics Index, charging investors 58 bps in annual fees. ProShares Supply Chain Logistics ETF holds 41 stocks in its basket, with FedEx accounting for 3.9% of assets.ProShares Supply Chain Logistics ETF has AUM of $1.7 million and trades in volume of 500 shares per day.iShares U.S. Transportation ETF (IYT)iShares U.S. Transportation ETF tracks the S&P Transportation Select Industry FMC Capped Index, giving investors exposure to a small basket of 49 securities. Of these, FedEx makes up for 3.8% of the assets. Within the transportation sector, railroads and air freight and logistics take the top two spots with 30.4% and 30.2% share, respectively, while trucking (22.5%) and airlines (15.1%) round off the next two.iShares U.S. Transportation ETF has accumulated $786.3 million in AUM while it sees a good trading volume of around 172,000 shares a day. The fund charges 39 bps in fees per year and has a Zacks ETF Rank #2 with a Medium risk outlook (read: 4 Top-Ranked Sector ETFs to Buy Now).Pacer Industrials and Logistics ETF (SHPP)Pacer Industrials and Logistics ETF tracks the Pacer Global Supply Chain Infrastructure Index, which aims to offer investors exposure to globally-listed stocks and depositary receipts involved in the support and functioning of global distribution supply chains. It holds 103 stocks in its basket, with FedEx accounting for 3.1% share.Pacer Industrials and Logistics ETF debuted in the space in June and has accumulated $0.9 million in its asset base. It charges 60 bps in annual fees. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FedEx Corporation (FDX): Free Stock Analysis Report iShares U.S. Transportation ETF (IYT): ETF Research Reports American Customer Satisfaction ETF (ACSI): ETF Research Reports First Trust NASDAQ Transportation ETF (FTXR): ETF Research Reports ProShares Supply Chain Logistics ETF (SUPL): ETF Research Reports Pacer Industrials and Logistics ETF (SHPP): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Boeing (BA) Secures Navy Deal to Support P-8A Combat Jets

Boeing (BA) is set to offer logistics management, product support analysis and engineering services for the P-8A aircraft. The Boeing Company BA recently clinched a contract involving the P-8A aircraft. The Naval Air Systems Command, Patuxent River, MD has provided the award.Details of the DealValued at $20.7 million, the contract is expected to be completed by September 2023. Per the terms, Boeing will offer logistics management, product support analysis and integration, maintenance planning, technical data, support equipment maintenance, and engineering services to support the P-8A aircraft.The contract will cater to the U.S. Navy and the governments of Australia, Norway and the United Kingdom. The majority portion of the work related to this deal will be executed in Jacksonville, FL, Whidbey Island, WA and Sigonella, Italy.What’s Favoring Boeing?Boeing,  one of the major players in the defense business, stands out among its peers by virtue of its broadly diversified programs, strong order bookings and solid backlog. Furthermore, the company's expertise lies in a wide variety of aircraft components, repairs and modification-related programs.Notably, its Defense, Space & Security segment’s portfolio has fixed-wing military aircraft, including F/A-18E/F Super Hornet, F-15 programs, P-8 programs, KC-46A Tanker and T-7A Red Hawk.  Boeing's combat-proven aerospace programs and associated services, along with the rapidly growing need for military aircraft due to heightened geopolitical uncertainties worldwide, result in a solid inflow of orders from the Pentagon. The latest contract win is an example of that. Such order flows, in turn, should boost the top line of the defense business segment.Growth ProspectsWith rising security threats across the globe, emerging economies like the Asia Pacific, the Middle East and South America are spending a lot on enhancing their defense arsenals. Meanwhile, developed nations like the United States and Europe have already been leading the defense market. With the United States being the largest worldwide weapons exporter, the nation has been spending amply on defense products. Boeing,  the largest aircraft manufacturer in the United States, thus enjoys a dominant position in the combat aircraft market.Per a Mordor Intelligence report, the global combat aircraft market is expected to witness a CAGR of 2.5% during the 2021-2026 time period, with North America constituting the largest share of this market. Such growth can be attributed to a rise in global threats and geopolitical instabilities and increased spending on defense. These projections should benefit Boeing along with other U.S.-based combat jet manufacturers like Northrop Grumman NOC, Lockheed Martin LMT and Textron TXT.Since its inception, Northrop Grumman has been a pioneer in the development of manned aircraft for combat. Northrop Grumman also has a tradition of providing technological leadership in all aspects of military aviation and aircraft, such as manned, unmanned, targeting, surveillance, and aircraft self-protection systems that enable warfighters to accomplish missions anytime and anywhere, under any conditions.Northrop Grumman has a long-term earnings growth rate of 2.2%. The Zacks Consensus Estimate for NOC’s 2022 sales implies an improvement of 1.9%.Lockheed’s Aeronautics business segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgradation of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Its major programs include F-35, C-130 Hercules, F-16 Fighting Falcon and F-22 Raptor jets.Lockheed Martin boasts a long-term earnings growth rate of 5.4%. The stock has gained 20.8% in the past year.Textron’s business unit, Textron Aviation Defense, designs, builds and supports versatile and globally-known military aircraft, preferred for training and attack missions. Some of Textron’s renowned products include Beechcraft T-6C trainer and AT-6 Wolverine.Textron boasts a long-term earnings growth rate of 12.5%. The Zacks Consensus Estimate for TXT’s 2022 sales implies an improvement of 6% from the 2021 reported figure.Price MovementShares of Boeing have lost 37.4% in the past 12 months compared with the industry’s decline of 34.9%.Image Source: Zacks Investment ResearchZacks RankBoeing currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

CPK or NJR: Which is a Better Utility Gas Distribution Stock?

At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with New Jersey Resources (NJR). The shale revolution has substantially increased the production of natural gas, which has become the preferred choice of fuel in the United States. Its wide availability and a clean-burning nature are steadily boosting demand for natural gas in the electric power, industrial, commercial and residential markets but it faces competition from other clean sources like renewable energy.Gas distribution pipelines play a vital role in delivering natural gas from intrastate and interstate transmission pipelines to consumers through small-diameter pipelines. Currently, the United States has nearly three million miles of natural gas pipelines that ensure a steady supply to millions of customers.Demand from rising natural gas customer volume and the usage of natural gas to produce electricity will play a pivotal role in utilities’ gradual transition to clean energy.Per the latest short-term energy outlook released by the U.S. Energy Information Administration (“EIA”), dry natural gas production is projected to be 99 billion cubic feet per day (Bcf/d) in the United States in the fourth quarter of 2022. The same is expected to increase to 100.4 Bcf/d by 2023.The EIA expects U.S. natural gas consumption to rise 4.3% in 2022 to 86.6 Bcf/d, driven by increases across all consuming sectors. In 2023, consumption is expected to drop 1.9 Bcf/d due to declines in consumption in the industrial and electric power sectors.Furthermore, the EIA expects U.S. liquefied natural gas (LNG) export volumes to increase to 11.7 billion cubic feet per day Bcf/d in the fourth quarter of 2022, up 1.7 Bcf/d sequentially. Also, the EIA forecasts total U.S. LNG exports to reach 12.3 Bcf/d for 2023. The higher production and export volumes will increase the usage and demand for natural gas pipelines in the United States.In this article, we run a comparative analysis on two Utility - Gas Distribution companies — Chesapeake Utilities Corporation CPK and New Jersey Resources Corporation NJR — to decide which stock is a better pick for your portfolio now.Both the stocks currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Growth Projection & Earnings SurpriseThe Zacks Consensus Estimate for Chesapeake Utilities’ 2022 earnings is pegged at $5.04 on revenues of $0.7 billion. The bottom line suggests an increase of 6.6% from 2021’s reported figure.The Zacks Consensus Estimate for New Jersey Resources’ fiscal 2022 earnings is pegged at $2.46 on revenues of $2.7 billion. The bottom line suggests an increase of 13.9% from 2021’s reported figure.Chesapeake Utilities delivered an average earnings surprise of 10.08% in the last four quarters, while New Jersey Resources delivered a negative average earnings surprise of 34.62% in the last four quarters.Price PerformanceIn the past three months, CPK shares have rallied 6.4% compared with the industry's growth of 4.3%. Shares of NJR have rallied 1%, underperforming the industry’s growth in the same period.Image Source: Zacks Investment ResearchDebt to CapitalDebt to capital is a good indicator of the financial position of a company. The indicator shows how much debt is used to run the business. Chesapeake Utilities and New Jersey Resources have a debt-to-capital of 47.7% and 62.3%, respectively, compared with the industry’s 49%.Return on EquityReturn on Equity (ROE) is a measure of a company’s efficiency in utilizing shareholders’ funds. ROE for the trailing 12 months for Chesapeake Utilities and New Jersey Resources is 11.2% and 11.5%, respectively. Both stocks have outperformed the industry’s ROE of 10.7%.Dividend YieldUtility companies generally distribute dividends. Currently, the dividend yield for Chesapeake Utilities is 1.7%, while New Jersey Resources’ dividend yield is 3.3% compared with the Zacks S&P 500 composite’s average of 1.8%.OutcomeAlthough both the companies are efficiently providing services to customers, Chesapeake Utilities, with its positive earnings surprise, efficient debt management and superior return over the past three months, is a better stock to add to your portfolio. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chesapeake Utilities Corporation (CPK): Free Stock Analysis Report NewJersey Resources Corporation (NJR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

3 Top Stocks From the Thriving Consulting Services Industry

With manufacturing and service activities remaining healthy, the Zacks Consulting Services industry is poised to prosper. IT, HURN, CBZ are three stocks well placed to ride the demand strength. Encouraging manufacturing and service activities, along with the increased adoption and success of the work-from-home trend, are enabling the Zacks Consulting Services industry to support the demand environment.Service demand, innovation and acquisitions are helping Gartner, Inc. IT, Huron Consulting Group Inc. HURN and CBIZ, Inc. CBZ sail through these testing times.About the IndustryCompanies grouped under the Consulting Services category offer professional advice in management, IT, human resources, environmental regulations, logistics and marketing, and real estate, serving multiple end markets. The space includes prominent names such as Accenture and Gartner. Amid the pandemic, the focus within the industry is currently on channelizing money and efforts toward more effective operational components, such as technology, digital transformation and data-driven decision-making. To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives, identifying sources of demand and targeting end markets.What's Shaping the Future of Consulting Services Industry?Exponential Growth: This multi-billion-dollar industry has witnessed exponential growth since the 2008 financial crisis, enjoying a steady rate of revenues, profit and cash-flow growth. Consequently, the trend has enabled most industry players to pay out stable dividends.Pandemic Resiliency: Consulting services is one of the industries least affected by the pandemic. This is because, even amid a volatile situation, organizations require extensive advice on how to protect their employees and stay closer to consumers and shareholders. Further, this industry is one of the earliest pioneers of remote working that has now become part of the new normal. The nature of work enables industry players to function efficiently through the increased use of technology.Non-stop Service Demand: With both manufacturing and service activities in the pink, the demand for consulting services is rising steadily. The manufacturing PMI and the Services PMI measured by the Institute for Supply Management have stayed above the 50% mark for the past two years, indicating continued expansion.Zacks Industry Rank Indicates Bright ProspectsThe Consulting Services industry, housed within the broader Business Services  sector, currently carries a Zacks Industry Rank #33. This rank places it in the top 13% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates solid near-term growth prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.Analysts covering the companies in this industry have been steadily pushing their estimates northward. Over the past year, the industry’s Zacks Consensus Estimate for earnings in 2022 has moved 8.2% north.Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and current valuation.Industry's Price PerformanceOver the past year, the Consulting Services industry has declined 18.8%. The S&P 500 composite and the broader sector declined 16.2% and 47.6%, respectively, in the said time frame.One-Year Price PerformanceIndustry's Current ValuationOn the basis of the forward 12-month price-to-earnings (P/E), which is a commonly used multiple for valuing consulting services companies, we see that the industry is currently trading at 21.45X, above the S&P 500’s 16.3X but below the sector’s 22.13X.Over the past five years, the industry has traded as high as 35.21X, as low as 18.82X and at a median of 23.56X, as the charts below show.Price to Forward 12 Months P/E Ratio3 Consulting Services Stocks to Bet OnWe present three stocks that currently carry a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) and are well-positioned for near-term growth.You can see the complete list of today’s Zacks #1 Rank stocks here. Gartner: The research giant has a large and diverse addressable market with low customer concentration, which helps it mitigate operating risks. The company offers timely, thought-provoking and comprehensive analysis. Its research reports are used by various companies across different sectors, strengthening its leading position in the market.Consistency in rewarding shareholders through share buybacks not only instills investors’ confidence in the stock but also positively impacts earnings per share. The company’s bottom line continued to benefit from improvement in operational efficiency.The Zacks Consensus Estimate for 2022 EPS has increased 12.4% to $9.08 over the past 60 days. Gartner currently carries a Zacks Rank #1.Price and Consensus: IT Huron Consulting: This provider of consultancy services is currently witnessing strength across its healthcare, education and commercial segments. Sales remain healthy, driven by growing demand for technology and analytics, digital and revenue cycle managed services.The Zacks Consensus Estimate for revenues for the current year indicates a 17.8% year-over-year increase. The Zacks Consensus Estimate for 2022 EPS suggests a 25.7% improvement from the year-ago reported number. The consensus EPS estimate for the year has increased 2.5% over the past 60 days. HURN currently carries a Zacks Rank #1.Price and Consensus: HURN CBIZ: This provider of financial, insurance and advisory services has been benefiting from its acquisition spree and strength across all of its major service lines. CBIZ posted better-than-expected results in three of the past four quarters. Acquisitions contributed 18.5% to the company’s revenues in the second quarter of 2022.The Zacks Consensus Estimate for revenues for the current year indicates a 24% year-over-year increase. The Zacks Consensus Estimate for the 2022 year suggests a 26.5% improvement from the year-ago reported number. The consensus EPS estimate for the year has increased 3.4% over the past 60 days. CBIZ currently carries a Zacks Rank #2.Price and Consensus: CBIZ  Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gartner, Inc. (IT): Free Stock Analysis Report Huron Consulting Group Inc. (HURN): Free Stock Analysis Report CBIZ, Inc. (CBZ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Jacobs (J) to Support South Korea"s Green Energy Drive

Jacobs Solutions (J) boosts its backlog with the contract to support South Korea's hydrogen economy transition plan. Jacobs Solutions Inc. J has been benefiting from clients’ continuous investment in clean energy across all sectors. In sync with this, Jacobs recently secured a contract with South Korean offshore wind farm project developer Elenergy to conduct a feasibility study for new green hydrogen production and import facility in South Korea.This Dallas, TX-based leading provider of professional, technical and construction services will carry out a green hydrogen market analysis and technology review, develop the conceptual design and conduct a business case assessment for setting up the facility.Jacobs will be utilizing its solutions and advisory capability in Singapore and global hydrogen and multi-disciplinary capabilities from the U.K., Australia, Philippines and India.Jacobs People & Places Solutions (P&PS) senior vice president and general manager of Asia Pacific & Middle East, Keith Lawson, said, "The opportunity to work with Elenergy as a key partner on this project will build on our growing energy transition portfolio in Asia and demonstrates our ambition to be at the forefront of innovative projects to help decarbonize the economy."The new facility — which will be powered by 100% renewable wind energy sourced from the 1.5 GW Chujin offshore wind farm — will provide locally produced and imported green hydrogen for South Korea, helping in transition to a clean energy economy. Notably, Elenergy is developing the 1.5 GW Chujin offshore wind farm.In this transition plan, hydrogen will account for 33% of energy consumption and 23.8% of power generation by 2050.Focus on Climate Change to Drive GrowthJacobs has been benefiting from the global clean energy drive. The company’s clients have been spending money on clean energy across all sectors, with primary spending related to grid modernization, cost-effective renewable energy generation and EV Charging Infrastructure or EVCI.Jacobs’ progress in these areas is demonstrated globally, like, in Asia, through advisory and policy consulting for the Asia Development Bank, in Canada, with a pipeline utility program, in Australia, through transmission and distribution design projects with AusNet Services, and in the United States via New Consulting and Advisory framework to advance energy transition with a leading provider.Transportation electrification and advanced charging infrastructure plans have been clients’ top agendas across all regions for aviation, ports, highways, rail and transit. These include projects for Heathrow Airport in the UK to implement landside EBCI, OhioDoT Statewide EV Infrastructure program, and most of the United States.Transportation Authority is transitioning operations to zero emissions for one of the world's largest bus fleets by 2040. Overall, Jacobs has been enjoying this space and remains active with its climate response accelerator.Notably, the P&PS segment backlog at the fiscal third-quarter end was $17.5 billion, up from $15.6 billion a year ago. The P&PS segment’s overall sales pipeline has increased as life sciences and electronics customers have moved forward with the previously paused projects. Image Source: Zacks Investment Research J’s shares have broadly outperformed the Zacks Engineering - R and D Services industry this year. Earnings estimates for fiscal 2022 suggest 10.3% year-over-year growth.Zacks RankJacobs currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some Better-Ranked Stocks in the Construction SectorArcosa, Inc. ACA, currently sporting a Zacks Rank #1, is a manufacturer of infrastructure-related products and services, serving construction, energy and transportation markets.ACA’s expected earnings growth rate for 2022 is 19.7%. The Zacks Consensus Estimate for current-year earnings has improved to $2.31 per share from $2.08 over the past 30 days.United Rentals, Inc. URI, presently sporting a Zacks Rank #1, has been benefiting from a broad-based recovery of activity across its end markets served. Higher margins from rental revenues and used equipment sales are added benefits.The Zacks Consensus Estimate for URI’s 2022 earnings rose to $31.73 per share from $29.70 in the past 60 days. The estimated figure suggests 43.8% year-over-year growth.Dycom Industries, Inc. DY is benefiting from the higher demand for network bandwidth and mobile broadband, extended geography, proficient program management and network planning services. Dycom expects considerable opportunities across a broad array of customers.Dycom’s, currently sports a Zacks Rank #1, earnings for fiscal 2023 are expected to grow 142.1%. The Zacks Consensus Estimate for DY’s 2022 earnings rose to $3.68 per share from $3.28 in the past 30 days. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United Rentals, Inc. (URI): Free Stock Analysis Report Dycom Industries, Inc. (DY): Free Stock Analysis Report Arcosa, Inc. (ACA): Free Stock Analysis Report Jacobs Solutions Inc. (J): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Prepare to pay up to $17,000 over MSRP for these 15 cars with the worst dealer markups, including the Jeep Wrangler and Porsche Cayenne

Cars are still wickedly expensive due to shortages. Get ready to pay thousands above sticker price for a hot model from Jeep, Ford, Lexus, or Porsche. The Jeep Wrangler Rubicon.Jeep Buying a car has always been a big purchase, but it's become especially hard on the wallet during the pandemic.  Dealers are asking thousands above MSRP for popular models from Ford, Jeep, and others.  Car-shopping site iSeeCars identified the 15 models with the worst dealer markups.  Almost three years into the global pandemic, some impacts of the virus are still raging, including extraordinarily high prices for new cars.Jeep Wranglers are displayed at a Manhattan dealership.Spencer Platt/Getty ImagesOn average, dealers are asking 10% above MSRP for new vehicles, according to a recent study by the car-shopping website iSeeCars. Compare that to pre-pandemic times, when salespeople would hand out aggressive discounts to move cars off of their lots.View of a used car dealership in Ridgewood, Queens New York on January 19, 2022.Pablo Monsalve/VIEWpress/Getty ImagesSource: iSeeCarsBut that's not the worst of it. The analysis found that some of the most popular cars are being listed for up to 24% over suggested sticker price.2022 Ford Maverick.FordThat means if you want a hot model like a Jeep Wrangler, Porsche Cayenne, or Ford Bronco, you'll need to shell out thousands — sometimes almost $17,000 — more than those brands think their cars are worth.The new Ford Bronco.Alanis KingRead more: Used cars are getting cheaper. Here's a breakdown of how prices have moved from Scions to Jeeps.Parts shortages have stunted vehicle production worldwide, leaving US dealers with millions fewer cars to sell.Jeep Gladiator pickup trucks at a dealership.David Zalubowski/APRead more: The 11 best hybrid SUVs to save you money on gas in 2022According to the basic laws of supply and demand, they're now able to charge top dollar for the vehicles they have in stock. And buyers are paying up.2020 Chevrolet Corvette.Kristen Lee/Business InsiderSee the 15 models priced the highest above MSRP below. They're ranked based on the percentage over sticker that dealers are asking.The 2022 Genesis GV70.Doug Berger for NWAPA15. Genesis GV80The 2021 Genesis GV80 SUV.Guillaume FournierAsking price: 18% or $10,124 above MSRPRead more: RANKED: The 15 longest-range electric cars you can buy in 2022 from Kia, Tesla, Ford and more14. Ford MaverickThe 2023 Ford Maverick Tremor.FordAsking price: 18.4% or $4,614 above MSRP13. Jeep GladiatorJeep Gladiator Mojave.JeepAsking price: 18.5% or $8,478 above MSRP12. Lexus RX 350L2022 Lexus RX350L.LexusAsking price: 18.8% or $9,423 above MSRP11. Mini HardtopThe 2022 Mini Hardtop.MiniAsking price: 18.8% or $5,426 above MSRP10. Mercedes-Benz GLBThe Mercedes-Benz GLB.Mercedes-BenzAsking price: 19% or $7,650 above MSRP9. Chevrolet Corvette2020 Chevrolet Corvette.Kristen Lee/Business InsiderAsking price: 19.5% or $14,697 above MSRPRead more: Plug-in hybrids may be your best weapon against high gas prices. These 12 models can save you the most money.8. Porsche CayenneThe Porsche Cayenne.PorscheAsking price: 19.6% or $16,750 above MSRP7. Cadillac CT52022 Cadillac CT5-V Blackwing.CadillacAsking price: 19.9% or $8,335 above MSRP6. Jeep Wrangler Unlimited (four-door)Jeep Wrangler Unlimited.JeepAsking price: 20% or $8,877 above MSRP5. Ford BroncoThe 2022 Ford Bronco.FordAsking price: 21.6% or $8,697 above MSRPRead more: See the 10 cheapest EVs on the market right now from Chevy, Kia, and more4. Lexus RX450hThe 2022 Lexus RX450h.LexusAsking price: 21.9% or $10,847 above MSRP3. Genesis GV70The 2022 Genesis GV70.GenesisAsking price: 22.4% or $10,278 above MSRP2. Porsche MacanThe Porsche Macan.PorscheAsking price: 23.1% or $14,221 above MSRP1. Jeep WranglerThe Jeep Wrangler.JeepAsking price: 24.4% or $8,433 above MSRPRead the original article on Business Insider.....»»

Category: smallbizSource: nytSep 23rd, 2022Related News

3 Alternative Mutual Funds to Endure Volatility Post Rate Hike

Invest in alternative mutual funds like ASILX, ARGAX and RYANX to survive the volatile market conditions. The Federal Reserve has maintained its hawkish stance to bring down inflation to its 2% objective with yet another rate hike of 75 basis points on Sep 21, 2022. Such a decision came after the consumer price index (CPI) for the month of August rose 0.1% after remaining unchanged for the month of July. Even though gas prices have dipped, prices of other goods and services, including rents, food and healthcare, continued to increase.Investors are now worried that the Fed’s aggressive tightening measures to curb inflation might derail economic growth in the near future. After all, interest rate hikes will increase the cost of borrowing, impact consumer spending, increase unemployment and slow down economic growth, which will eventually push the economy toward a recession.On the other hand, the Russia-Ukraine war and rising tension between China and Taiwan have led to further worsening of the situation, disrupting the global supply chain. Moreover, Wall Street has been bleeding lately, with the S&P 500, the DOW & the Nasdaq declining 21.15%, 17.23%, and 29.26%, respectively, so far this year.Looking at the current gloomy situation, investors who seek to earn a steady income should park their money in some of the following types of alternative mutual funds.Long/Short Mutual FundsEquity long/short funds seek to gain from both winning and losing stocks, irrespective of the market scenario. These funds use conventional methods to identify stocks that are either undervalued or overvalued. It profits from shorting the overvalued stocks and buying the undervalued ones. Weights are subject to change and are dependent on management’s view on the market.For example: say an investor buys a long/short mutual fund for $100, then the fund manager will invest it in assets that are expected to fare well. The manager shorts $30 in stocks that are believed to be overvalued. In the process, he receives $30 in cash. He will now use the $30 to buy more assets with an upside potential. Thus, now he has a total of $130 invested in long positions and $30 in short positions. This type of long/short fund is called a 130/30 mutual fund.Event Driven Mutal FundsAn event-driven strategy takes advantage of temporary price action, which can take place before or after corporate events such as restructurings, mergers/acquisitions, bankruptcy, spinoffs, takeovers and others under the guidance of teams of experts who can analyze such corporate actions and determine the effect of the action on a company's stock price.For example: the price of a company generally rises when the news of an acquisition floats in the market. Expert analyst at an institutional investor will analyze various factors, such as price, regulatory environment, and fit between the services (or products) offered by both companies will determine whether or not the acquisition is likely to occur. Based on careful analysis of the target and acquiring companies, if there is enough potential for upside, the investor may buy shares of the target company to sell after the corporate action is complete.Trading-Leveraged Equity FundsLeveraged funds use borrowed money to increase returns in a short spell of time. These funds generally strive to return a certain multiple of the short-term returns of an equity index. For example, a 2X S&P 500 fund aims to generate twice the returns that the S&P 500 manages to achieve. Leveraged funds are primarily marked “ultra,” “bull” or “2X.”Leveraged funds also offer benefits such as diversification. These funds invest in a diversified portfolio of assets, which minimize risk, while escalating returns. In addition to this, investors enjoy the benefits of “dollar cost averaging,” where a young investor depositing $10,000 in these funds reaps the same benefits that a high-net-worth individual receives, say by depositing $50,000,000. These funds also enjoy tax deductions.Moreover, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).Thus, we have selected three such alternative mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy) have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio.AB Select US Long/Short Portfolio ASILX invests most of its net assets in the form of long and short positions in equity securities of U.S.-based companies, irrespective of their market capitalization, along with cash and U.S. cash equivalent. ASILX advisors may also invest a small amount of their net assets in issues of foreign companies.Kurt A. Feuerman has been the lead manager of ASILX since Dec 12, 2012, and most of the fund’s exposure is in sectors like others (51.49%), Technology (15.28%), and Finance (12.10%) as of 8/31/2022.ASILX’s three-year and five-year annualized returns are 8.3% and 7.8%, respectively. ASILX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.56% compared with the category average of 1.92%.To see how this fund performed compared in its category, and other 1 and 2 Ranked Mutual Funds, please click here.The Arbitrage Fund ARGAX invests most of its net assets in common and preferred stocks that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. ARGAX advisors use such a highly specialized investment approach designed to profit from the successful completion of such events from domestic and foreign companies.John S. Orrico has been the lead manager of ARGAX since Sep 18, 2000, and most of the fund’s exposure is in sectors like Technology (33.07%), Finance (16.12%) and others (12.16%) as of 8/31/2022.ARGAX’s three-year and five-year annualized returns are 4.4% and 3.5%, respectively. ARGAX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.49%, compared with the category average of 1.90%.Rydex Nova Fund RYANX invests in common stocks of companies that are generally within the capitalization range of the underlying index using its investment strategy. RYANX advisors also invests in leveraged derivative instruments such as equity index swaps and swaps on exchange-traded funds, futures and options on securities, futures contracts, and stock indices.Michael P. Byrum has been the lead manager of RYANX since Jul 12, 1993, and most of the fund’s exposure is in sectors like Technology (44.52%), Finance (17.29%) and others (13.49%) as of 8/31/2022.RYANX’s three-year and five-year annualized returns are 13.3% and 13.0%, respectively. RYANX has a Zacks Mutual Fund Rank #1 and an annual expense ratio of 1.48%, compared with the category average of 1.98%.Want key mutual fund info delivered straight to your inbox?Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (RYANX): Fund Analysis Report Get Your Free (ASILX): Fund Analysis Report Get Your Free (ARGAX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Wolfspeed (WOLF) is Attracting Investor Attention: Here is What You Should Know

Wolfspeed (WOLF) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. Wolfspeed (WOLF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this maker of energy-efficient lighting have returned -9.1% over the past month versus the Zacks S&P 500 composite's -9.1% change. The Zacks Semiconductor - Discretes industry, to which Wolfspeed belongs, has gained 0.1% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.For the current quarter, Wolfspeed is expected to post a loss of $0.05 per share, indicating a change of +76.2% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.5% over the last 30 days.For the current fiscal year, the consensus earnings estimate of $0.13 points to a change of +126% from the prior year. Over the last 30 days, this estimate has changed +1.4%.For the next fiscal year, the consensus earnings estimate of $1.71 indicates a change of +1,216.5% from what Wolfspeed is expected to report a year ago. Over the past month, the estimate has changed +1.2%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Wolfspeed.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.For Wolfspeed, the consensus sales estimate for the current quarter of $239.76 million indicates a year-over-year change of +53.1%. For the current and next fiscal years, $1.07 billion and $1.49 billion estimates indicate +43.1% and +39.5% changes, respectively.Last Reported Results and Surprise HistoryWolfspeed reported revenues of $228.5 million in the last reported quarter, representing a year-over-year change of +56.7%. EPS of -$0.02 for the same period compares with -$0.23 a year ago.Compared to the Zacks Consensus Estimate of $207.78 million, the reported revenues represent a surprise of +9.98%. The EPS surprise was +80%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Wolfspeed is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Wolfspeed. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wolfspeed (WOLF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Is Trending Stock Lam Research Corporation (LRCX) a Buy Now?

Recently, Zacks.com users have been paying close attention to Lam Research (LRCX). This makes it worthwhile to examine what the stock has in store. Lam Research (LRCX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this semiconductor equipment maker have returned -19.1% over the past month versus the Zacks S&P 500 composite's -9.1% change. The Zacks Semiconductor Equipment - Wafer Fabrication industry, to which Lam Research belongs, has lost 15.2% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.Lam Research is expected to post earnings of $9.53 per share for the current quarter, representing a year-over-year change of +14%. Over the last 30 days, the Zacks Consensus Estimate has changed 0%.The consensus earnings estimate of $37.31 for the current fiscal year indicates a year-over-year change of +12.7%. This estimate has changed -0.8% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $35.96 indicates a change of -3.6% from what Lam Research is expected to report a year ago. Over the past month, the estimate has remained unchanged.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Lam Research.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Lam Research, the consensus sales estimate of $4.92 billion for the current quarter points to a year-over-year change of +14.2%. The $19.19 billion and $18.05 billion estimates for the current and next fiscal years indicate changes of +11.4% and -5.9%, respectively.Last Reported Results and Surprise HistoryLam Research reported revenues of $4.64 billion in the last reported quarter, representing a year-over-year change of +11.8%. EPS of $8.83 for the same period compares with $8.09 a year ago.Compared to the Zacks Consensus Estimate of $4.21 billion, the reported revenues represent a surprise of +10.14%. The EPS surprise was +20.79%.Over the last four quarters, Lam Research surpassed consensus EPS estimates three times. The company topped consensus revenue estimates just once over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Lam Research is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Lam Research. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Is Trending Stock Foot Locker, Inc. (FL) a Buy Now?

Recently, Zacks.com users have been paying close attention to Foot Locker (FL). This makes it worthwhile to examine what the stock has in store. Foot Locker (FL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this shoe store have returned -5.2% over the past month versus the Zacks S&P 500 composite's -9.1% change. The Zacks Retail - Apparel and Shoes industry, to which Foot Locker belongs, has lost 12.3% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.Foot Locker is expected to post earnings of $1.10 per share for the current quarter, representing a year-over-year change of -43%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.4%.The consensus earnings estimate of $4.38 for the current fiscal year indicates a year-over-year change of -43.6%. This estimate has changed +0.1% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $4.28 indicates a change of -2.3% from what Foot Locker is expected to report a year ago. Over the past month, the estimate has changed -0.7%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Foot Locker.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Foot Locker, the consensus sales estimate of $2.11 billion for the current quarter points to a year-over-year change of -3.6%. The $8.38 billion and $8.21 billion estimates for the current and next fiscal years indicate changes of -6.4% and -2.1%, respectively.Last Reported Results and Surprise HistoryFoot Locker reported revenues of $2.07 billion in the last reported quarter, representing a year-over-year change of -9.2%. EPS of $1.10 for the same period compares with $2.21 a year ago.Compared to the Zacks Consensus Estimate of $2.05 billion, the reported revenues represent a surprise of +0.62%. The EPS surprise was +46.67%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Foot Locker is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Foot Locker. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Foot Locker, Inc. (FL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

PBF Energy Inc. (PBF) is Attracting Investor Attention: Here is What You Should Know

PBF Energy (PBF) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. PBF Energy (PBF) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this refiner have returned -16.6%, compared to the Zacks S&P 500 composite's -9.1% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which PBF Energy falls in, has lost 9.7%. The key question now is: What could be the stock's future direction?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.For the current quarter, PBF Energy is expected to post earnings of $5.96 per share, indicating a change of +4,866.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +8.4% over the last 30 days.For the current fiscal year, the consensus earnings estimate of $20.51 points to a change of +920.4% from the prior year. Over the last 30 days, this estimate has changed +9.2%.For the next fiscal year, the consensus earnings estimate of $8.25 indicates a change of -59.8% from what PBF Energy is expected to report a year ago. Over the past month, the estimate has changed +14.7%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, PBF Energy is rated Zacks Rank #1 (Strong Buy).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.For PBF Energy, the consensus sales estimate for the current quarter of $10.51 billion indicates a year-over-year change of +46.2%. For the current and next fiscal years, $43.9 billion and $37.58 billion estimates indicate +61.1% and -14.4% changes, respectively.Last Reported Results and Surprise HistoryPBF Energy reported revenues of $14.08 billion in the last reported quarter, representing a year-over-year change of +104.1%. EPS of $10.58 for the same period compares with -$1.26 a year ago.Compared to the Zacks Consensus Estimate of $10.05 billion, the reported revenues represent a surprise of +40.12%. The EPS surprise was +43.75%.The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.PBF Energy is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about PBF Energy. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PBF Energy Inc. (PBF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Should Value Investors Buy EmbraerEmpresa Brasileira de Aeronautica (ERJ) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.EmbraerEmpresa Brasileira de Aeronautica (ERJ) is a stock many investors are watching right now. ERJ is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 14.30, while its industry has an average P/E of 19.10. Over the past year, ERJ's Forward P/E has been as high as 116.70 and as low as -49.52, with a median of 41.97.ERJ is also sporting a PEG ratio of 0.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ERJ's PEG compares to its industry's average PEG of 1.40. Over the last 12 months, ERJ's PEG has been as high as 6.86 and as low as -2.91, with a median of 2.47.Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ERJ has a P/S ratio of 0.5. This compares to its industry's average P/S of 1.21.These are just a handful of the figures considered in EmbraerEmpresa Brasileira de Aeronautica's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ERJ is an impressive value stock right now. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EmbraerEmpresa Brasileira de Aeronautica (ERJ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Should Value Investors Buy PACCAR (PCAR) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.One stock to keep an eye on is PACCAR (PCAR). PCAR is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.We also note that PCAR holds a PEG ratio of 1.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. PCAR's industry has an average PEG of 2.42 right now. Over the last 12 months, PCAR's PEG has been as high as 1.81 and as low as 1.04, with a median of 1.23.Investors should also recognize that PCAR has a P/B ratio of 2.37. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 6.13. PCAR's P/B has been as high as 2.93 and as low as 2.20, with a median of 2.55, over the past year.Finally, investors should note that PCAR has a P/CF ratio of 9.89. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. PCAR's P/CF compares to its industry's average P/CF of 19.31. Within the past 12 months, PCAR's P/CF has been as high as 12.21 and as low as 9.15, with a median of 10.79.These are only a few of the key metrics included in PACCAR's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, PCAR looks like an impressive value stock at the moment. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PACCAR Inc. (PCAR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News

Is Universal Insurance Holdings (UVE) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.One company value investors might notice is Universal Insurance Holdings (UVE). UVE is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.We should also highlight that UVE has a P/B ratio of 0.97. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.32. Over the past 12 months, UVE's P/B has been as high as 1.41 and as low as 0.82, with a median of 0.98.Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. UVE has a P/S ratio of 0.3. This compares to its industry's average P/S of 0.87.These are just a handful of the figures considered in Universal Insurance Holdings's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that UVE is an impressive value stock right now. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNIVERSAL INSURANCE HOLDINGS INC (UVE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022Related News